Fiducient Advisors LLC Has $425,000 Position in Upstart Holdings, Inc. (NASDAQ:UPST)

Fiducient Advisors LLC grew its position in Upstart Holdings, Inc. (NASDAQ:UPST) by 63.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 18,000 shares of the company’s stock after purchasing an additional 7,000 shares during the quarter. Fiducient Advisors LLC’s holdings in Upstart were worth $425,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System raised its stake in Upstart by 3.5% during the 2nd quarter. Arizona State Retirement System now owns 20,567 shares of the company’s stock worth $485,000 after buying an additional 698 shares during the period. Rhumbline Advisers increased its holdings in shares of Upstart by 6.9% in the second quarter. Rhumbline Advisers now owns 113,697 shares of the company’s stock worth $2,682,000 after acquiring an additional 7,386 shares in the last quarter. Anfield Capital Management LLC acquired a new stake in shares of Upstart during the second quarter worth about $33,000. International Assets Investment Management LLC bought a new position in shares of Upstart during the 2nd quarter valued at about $131,000. Finally, Principal Financial Group Inc. grew its position in shares of Upstart by 4.2% in the 2nd quarter. Principal Financial Group Inc. now owns 10,405 shares of the company’s stock valued at $245,000 after purchasing an additional 422 shares during the period. 63.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Upstart news, Chief Legal Officer Scott Darling sold 7,190 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $39.15, for a total value of $281,464.77. Following the sale, the insider now owns 176,870 shares in the company, valued at $6,923,876.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Sanjay Datta sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $41.77, for a total transaction of $62,655.00. Following the completion of the sale, the chief financial officer now owns 346,093 shares in the company, valued at approximately $14,456,304.61. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chief Legal Officer Scott Darling sold 7,190 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $39.15, for a total transaction of $281,464.77. Following the completion of the transaction, the insider now owns 176,870 shares in the company, valued at approximately $6,923,876.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,959 shares of company stock worth $5,938,419. Company insiders own 18.06% of the company’s stock.

Upstart Stock Down 3.7 %

UPST stock opened at $34.40 on Friday. The company has a market cap of $3.08 billion, a price-to-earnings ratio of -16.70 and a beta of 2.03. Upstart Holdings, Inc. has a twelve month low of $19.84 and a twelve month high of $49.62. The business has a 50 day moving average price of $31.76 and a two-hundred day moving average price of $27.07.

Upstart (NASDAQ:UPST) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.22. The firm had revenue of $127.63 million for the quarter, compared to analyst estimates of $124.55 million. Upstart had a negative net margin of 38.05% and a negative return on equity of 32.01%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.34) earnings per share. On average, equities research analysts anticipate that Upstart Holdings, Inc. will post -2.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Piper Sandler raised their target price on shares of Upstart from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Barclays raised their price objective on shares of Upstart from $25.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Mizuho raised shares of Upstart from an “underperform” rating to an “outperform” rating and boosted their price objective for the company from $17.00 to $31.00 in a research report on Wednesday, July 31st. Citigroup upgraded Upstart from a “sell” rating to a “neutral” rating and boosted their price target for the company from $15.00 to $33.00 in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on Upstart from $27.00 to $30.00 and gave the company an “underweight” rating in a research report on Tuesday, August 20th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $26.75.

About Upstart

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.